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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.062 -0.015 (-19.48%)+
Announcement
Release
31 Jul 2026 10:00AM
Price at Release
$0.077
Full Release
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Summary
St George Mining Limited released its Quarterly Activities and Cashflow Report for the period ending 30 June 2026. The report highlights key developments for the company, including the appointment of Worley as a feasibility technical adviser for the Araxá Niobium-Rare Earths Project. Significant progress was reported in metallurgical test results, which produced high-grade niobium and rare earth concentrates. Amperex Technology Limited invested in St George shares as part of a restructure of Lithium Star Pty Ltd, a subsidiary focused on lithium exploration. The company also completed a A$60 million capital raise, enhancing its financial standing with a cash balance of approximately A$98 million. The report outlines positive drilling results at Araxá, demonstrating potential for resource growth, and notes Hancock Prospecting's increased equity stake in St George to 10.3%.
Key Points
  • Worley appointed as feasibility technical adviser for Araxá Project
  • Successful metallurgical test results with high-grade niobium and rare earths concentrates
  • Investment by Amperex Technology Limited in St George ordinary shares
  • A$60 million capital raise completed, cash balance at A$98 million
  • Hancock Prospecting's equity stake in St George increased to 10.3%
  • Positive drilling results at Araxá demonstrating potential for resource growth
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.